I have always had a passion for real estate. Depending on what market you buy in and what your overall strategy is, its usually a good bet for an investment. One of the most interesting statements around real estate investment is: Your money is made when you buy. That is true if you time your buying right, and that is what it is all about. I know many successful people who invest in real estate as a full time gig and do very well at it, in some cases they not only make their money when they buy, but in markets like Baltimore (VERY hot right now), often they don’t have to do a thing to the property because the appreciation is going up so fast. Thats a beautiful thing.
Check out the market fact below from Iconoculture - seems like real estate investing is very popular:
23% of all homes purchased in 2004 were bought for investment purposes and an additional 13% were vacation homes — so 36% of all homes purchased last year were bought by people who already owned at least one house.
SAN FRANCISCO CHRONICLE 4.26.05